Online Banking Strategy of First Security Islami Bank Limited

Abstract

This internship report sums up the tasks done by E-banking software at First Security Islami Bank. The report highlights the major benefits of E-banking software like Profile Account Information, all Branches, and ATM booths Location, FSIBL all Product details & requests for account opening, EMI, and MTDR Calculator, Exchange rate (USD, EURO, etc.), and Contacts info. (Head Office and Branches), Standing Instructions, Fund Transfer Facility within FSIBL (Own Account, Other Account), Fund Transfer Facility to another bank account through (BEFTN, RTGS), Utility Bill Payment (DESCO, Dhaka WASA, DPDC), QR Payment to Merchant Account, Mobile Airtime Recharge to all TELCO in Bangladesh. FSIBL uses the software “CLOUD” developed by FSIBL itself rather than buying software from a third party. It is a great initiative as the software is self-developed minimizes cost and increases the quality of work. The software is multi-functional and multi-tasking enabled but also requires basic app knowledge to operate. This software, as we can understand, offers various features from required documents to opening an account to paying daily utility bills and much more. As we move further, we will be able to know more gradually and in brief.